20 February 2019 at 14:08 BST

Firm trainee's bright idea inspires collaboration

Allen & Overy collaborates with Legatics on new signing and completion feature thanks to trainee at the law firm who offered up the proposal.

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Allen & Overy has collaborated with Legatics, the intelligent online deal platform, on their new signing and completion feature. The new feature, connected to the Legatics documents list module, automates and expedites some of the more time-consuming steps associated with signing and completing transactions.

Trainee's proposal

Via the platform, users can extract signature pages, generate signing emails and collate and date signed signature pages. The idea for the feature was proposed by Allen & Overy trainee, William Heywood and was then developed through collaboration with Legatics by the corporate and banking practices. Legatics joined Fuse, Allen & Overy’s collaborative tech innovation space, in 2017, and their technology has been used by the global Banking practice since 2018. Within the space of one year, Legatics has been used in at least 13 offices, and now has over 500 users across the Allen & Overy network.

Understanding technology goal

Shruti Ajitsaria, head of Fuse, commented ‘the collaborative development of this new feature is exactly what we had hoped to achieve with Fuse, which was created to give our lawyers opportunities to better understand the use of technology that could benefit them. Legatics founder, Anthony Seale added ‘as a transaction management platform, signing and completion was always going to be a hugely important part of what we do. The opportunity to work on it with A&O as part of the Fuse programme has been absolutely fantastic.’

 
   
 
 
 

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